In 1981,U.S.policy Makers Predicted a Balanced Budget As

question 9

Multiple Choice

In 1981,U.S.policy makers predicted a balanced budget as:

• A)the budget included a decrease in defense expenditures.
• B)the budget included an increase in the tax rate.
• C)the budget included an increase in unspecified government spending.
• D)the growth in GDP was expected to be large enough to lead to an increase in tax revenues despite the tax cut.
• E)the growth in GDP was expected to be small enough to require less government spending.

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Definitions:

AFL and CIO

The American Federation of Labor and Congress of Industrial Organizations, a federation of labor unions in the United States.

Rival Unions

Labor unions that compete for the representation rights and membership of workers within the same workplace or industry.

Management

The process of planning, organizing, leading, and controlling resources and operations within an organization to achieve its objectives.

PATCO Strike

A significant labor strike in 1981 by the Professional Air Traffic Controllers Organization in the United States, which ended with the firing of striking workers by President Reagan.